Bluestone Cuts IPO Size as Losses Skyrocket Amid Sluggish Online Growth
Bluestone, the once-promising vertically integrated jewellery brand, is facing serious headwinds. The company has announced a 56% jump in losses in FY25, far outpacing its revenue growth — forcing it to slash the size of its upcoming IPO.
The company’s Red Herring Prospectus (RHP) reveals a worrying trend: while revenues…
